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Aon Plc (AON) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Aon Plc

CIK: 315293 Ticker: AON



Exhibit 99.1
Investor Relations
aonlogoa25.jpg
 
News from Aon
 
Aon Reports Third Quarter 2018 Results
 
Third Quarter Key Metrics as Reported under U.S. GAAP (1) 
Total revenue was flat at $2.3 billion, including a decrease of $117 million, or 6%, related to the FASB’s new revenue recognition standard
Operating margin increased 30 basis points to 11.2%, including a decrease of 380 basis points related to the FASB’s new revenue recognition standard
EPS decreased 16% to $0.61, including a decrease of $0.31 related to the FASB’s new revenue recognition standard

Third Quarter Key Metrics as Comparable to Pro Forma Financials and Highlights(1) 
Total revenue increased 6% to $2.3 billion, including 6% organic revenue growth
Operating margin increased to 11.2%, and operating margin, adjusted for certain items, increased 190 basis points to 18.5%
EPS decreased to $0.61, and EPS, adjusted for certain items, increased 34% to $1.31
For the first nine months of 2018, cash flow from operations increased 237% to $975 million, and adjusted free cash flow increased 5% to $1,163 million, when excluding certain near-term impacts related to the divestiture of the outsourcing business
Repurchased 2.1 million Class A Ordinary Shares for approximately $300 million
Launched a silent cyber solution, driven by analytics and backed by a reinsurance solution, to help carriers respond to expanding cyber risk and regulations
 
LONDON - October 26, 2018 - Aon plc (NYSE: AON) today reported results for the three months ended September 30, 2018.
  
Net income (loss) from continuing operations attributable to Aon shareholders on a reported basis was $149 million, or $0.61 per share, compared to $189 million, or $0.73 per share, in the prior year period, which includes $(81) million, or $(0.31) per share, of unfavorable impact from adoption of the new revenue recognition standard. Net income per share from continuing operations on a comparable basis, adjusted for certain items and the impact of adoption of the new revenue recognition standard, increased 34% to $1.31, including an unfavorable impact of $0.05 per share related to foreign currency translation, compared to $0.98 in the prior year period. Certain items that impacted third quarter results and comparisons with the prior year period are detailed in the “Reconciliation of Non-GAAP Measures Adjusted for Changes in Accounting Guidance - Operating Income from Continuing Operations and Diluted Earnings Per Share” on page 11 of this press release.

“In the third quarter, we delivered positive performance across each of our key financial metrics; highlighted by strong organic revenue growth of 6% overall, with four of our five revenue lines delivering organic revenue growth of 5% or greater, and 18% operating income growth, of which 9% was driven by core operational improvement. Results year-to-date reflect accelerating revenue growth and continued momentum toward achieving our near-


(1) For additional information regarding the reconciliation of non-GAAP pro forma financials refer to pages 10-15 of this press release

The following information was filed by Aon Plc (AON) on Friday, October 26, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Aon Plc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Comprehensive Income (Unaudited)
Condensed Consolidated Statements Of Financial Position
Condensed Consolidated Statements Of Financial Position (Parenthetical)
Condensed Consolidated Statements Of Income (Unaudited)
Condensed Consolidated Statements Of Shareholders' Equity (Unaudited)
- Goodwill And Other Intangible Assets (Details)
- Goodwill And Other Intangible Assets Rollforward (Details)
Accounting Principles And Practices
Accounting Principles And Practices - (Narrative) (Details)
Accounting Principles And Practices (Policies)
Accounting Principles And Practices - Schedule Of Changes In Accounting Principle (Details)
Accounting Principles And Practices - Schedule Of Changes To Balance Sheet For Topic 606 (Details)
Accounting Principles And Practices - Schedule Of Impact Of Topic 606 On Cash Flow Statement (Details)
Accounting Principles And Practices - Schedule Of Impact Of Topic 606 On Statement Of Income (Details)
Accounting Principles And Practices Accounting Principles And Practices (Tables)
Acquisitions And Dispositions Of Businesses
Acquisitions And Dispositions Of Businesses (Tables)
Acquisitions And Dispositions Of Businesses - Acquisitions (Details)
Acquisitions And Dispositions Of Businesses - Dispositions (Details)
Basis Of Presentation
Cash And Cash Equivalents And Short-Term Investments
Cash And Cash Equivalents And Short-Term Investments (Details)
Commitments And Contingencies
Commitments And Contingencies - Narrative (Details)
Debt
Debt - Narrative (Details)
Debt - Schedule Of Commercial Paper (Details)
Debt (Tables)
Derivatives And Hedging
Derivatives And Hedging (Tables)
Derivatives And Hedging - Foreign Exchange Risk Management Narrative (Details)
Derivatives And Hedging - Foreign Hedge (Details)
Derivatives And Hedging - Interest Rate Management Risk Narrative (Details)
Derivatives And Hedging - Notional And Fair Values Of Derivative Instruments (Details)
Derivatives And Hedging - Schedule Of Amounts Of Derivative Gains (Losses) Recognized In The Consolidated Financial Statements (Details)
Discontinued Operations
Discontinued Operations (Details)
Discontinued Operations (Tables)
Discontinued Operations Income Statement (Details)
Employee Benefits
Employee Benefits (Details)
Employee Benefits (Tables)
Fair Value Measurements And Financial Instruments
Fair Value Measurements And Financial Instruments (Tables)
Fair Value Measurements And Financial Instruments - Schedule Of Assets And Liabilities That Are Measured At Fair Value On A Recurring Basis (Details)
Fair Value Measurements And Financial Instruments - Schedule Of Financial Instruments Where The Carrying Amounts And Fair Values Differ (Details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Guarantee Of Registered Securities
Guarantee Of Registered Securities (Tables)
Guarantee Of Registered Securities - Condensed Consolidating Statement Of Cash Flows (Details)
Guarantee Of Registered Securities - Condensed Consolidating Statement Of Comprehensive Income (Details)
Guarantee Of Registered Securities - Condensed Consolidating Statement Of Financial Position (Details)
Guarantee Of Registered Securities - Condensed Consolidating Statement Of Income (Details)
Guarantee Of Registered Securities - Narrative (Details)
Income Taxes
Income Taxes (Details)
Other Financial Data
Other Financial Data (Tables)
Other Financial Data - Schedule Of Allowance For Doubtful Accounts (Details)
Other Financial Data - Schedule Of Other Current Assets (Details)
Other Financial Data - Schedule Of Other Current Liabilities (Details)
Other Financial Data - Schedule Of Other Income (Details)
Other Financial Data - Schedule Of Other Non-Current Assets (Details)
Other Financial Data - Schedule Of Other Non-Current Liabilities (Details)
Restructuring
Restructuring - Narrative (Details)
Restructuring - Schedule Of Restructuring And Related Expenses (Details)
Restructuring - Schedule Of Restructuring Reserve (Details)
Restructuring (Tables)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (Tables)
Revenue From Contracts With Customers - Contract Assets Rollforward (Details)
Revenue From Contracts With Customers - Disaggregation Of Revenue (Details)
Revenue From Contracts With Customers - Narrative (Details)
Segment Information
Segment Information (Details)
Share-Based Compensation Plans
Share-Based Compensation Plans (Tables)
Share-Based Compensation Plans - Performance Share Awards Narrative (Details)
Share-Based Compensation Plans - Restricted Share Unit Activity (Details)
Share-Based Compensation Plans - Schedule Of Performance-Based Plans (Details)
Share-Based Compensation Plans - Share-Based Compensation Expenses Recognized (Details)
Shareholders' Equity
Shareholders' Equity (Details)
Shareholders' Equity (Tables)
Shareholders' Equity - Accumulated Other Comprehensive Loss (Details)
Shareholders' Equity - Schedule Of Stock Repurchases (Details)
Ticker: AON
CIK: 315293
Form Type: 10-Q Quarterly Report
Accession Number: 0001628280-18-012970
Submitted to the SEC: Fri Oct 26 2018 12:27:13 PM EST
Accepted by the SEC: Fri Oct 26 2018
Period: Sunday, September 30, 2018
Industry: Insurance Agents Brokers And Service

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